Provisionally attached movable property to be released on offer of immovable property

Utkarsh Ispat LLP Vs State of Gujarat (Gujarat High Court) Gujarat High Court held that as per CBIC circular dated 23.02.2021 provisionally attached movable property (including bank account) should be released when the taxable person offers any immovable property in lieu of the same. Facts- Petitioner is a Limited Liability Partnership (LLP) and is engaged in the business of manufacture and supply of goods like M.S. Billets (i.e. Mild Steel Billets). Petitioner No.2 is one of the partner of the petitioner. Aggrieved by the communication dated 16.07.2022 received from the 3rd respondent, whereb...